After sustained economic growth between 2004 and 2019, our country faces a recession and there have already been several months with negative figures. In August, the Gross Domestic Product (GDP) fell by 0.63% and this situation is compounded by the reduction in private investment and business expectations. If you want to know more about the […]
Tag: mef
Sales in restaurants fall by up to 40%
The recession that Peru is going through is already being felt in the various economic activities, one of them being restaurants, which, after having been a sector hit hard by Covid-19, managed to reactivate; However, the low dynamism of the national economy has begun to have an impact on gastronomic businesses. And since April of […]
Produce authorizes second fishing season in full exploratory capture
The second industrial anchovy fishing season will begin this Thursday, October 26, according to ministerial resolution No. 358-2023 issued yesterday by the Ministry of Production (Produces). The maximum established quota is 1.6 million metric tons (MT). This decision was already known since October 20date on which a screenshot of this document was circulating on social […]
Congress approves S/600 Bonus for states: what requirements must beneficiaries meet?
Last Friday, the Congress Plenary approved by majority a supplemental credit to the Executive for more than S/1,580 million. This proposal, which has not yet been enacted, includes resources destined for the actions that the Government will carry out in response to the El Niño phenomenon. It also allocates a budget to provide a exceptional […]
Economic recession would worsen in 2024 after El Niño hit
The announcement of a recession in the Peruvian economy by the Ministry of Economy and Finance (MEF) has only confirmed the progressive deterioration that had been noted for almost a year and that could degenerate a de-escalation of the GDP until 2026 with the extenuating El Niño (FEN) knocking on the door. Unlike previous presentations, […]
Congress approved supplementary credits for more than S/1,580 million to combat El Niño
The Plenary of Congress approved — with 88 votes in favor, 4 abstentions and 4 against — the Executive Branch bill that contemplates additional credits for more than S/1,580 million. These resources, which will be added to this year’s budget, will be key to taking actions against El Niño at the three levels of government […]
Relatives of those who died in the pandemic have until October 31 to collect funeral expenses from the SIS
The Peruvian Association of Consumers and Users highlighted that to date of the more than 5,900 people entitled to this insurance, only 657 have made the payment. Join the La República WhatsApp channel Price of the dollar today in Peru: what is the exchange rate for this Thursday, October 19? Refund to 1.2 million Fonavistas […]
Minister of Economy admits that Peru is in recession: “I have no doubt”
The head of the Ministry of Economy and Finance (MEF), Alex Contreras, recognized that Peru is going through a recession. This, after a drop of 0.63% was observed in August and accumulated a decline of 0.58% so far this year, according to official figures from the National Institute of Statistics and Informatics (INEI). “At no […]
Bonus S/600: Plenary session of Congress meets this Friday the 20th to debate the supplementary credit project
The bonus of S/600 It would benefit 562,000 public sector workers. This project has already been approved by the Budget Commission and now needs to be admitted by the Plenary of Congress. Join the La República WhatsApp channel As part of the agreements of the Centralized Collective Agreement 2023-2024, signed between the Government and the […]
Government transfers S/41.9 million in favor of regional governments and their reactivation
Through Supreme Decree No. 225-2023-EF, The transfer of up to S/41 million 913,794 was authorized in favor of various local governments, to finance the execution of 31 investment projects, charged to the resources incorporated into the Contingency Reserve of Law No. 31728, Law that approves supplementary credits for the financing of higher expenses within the […]